Is The Decline In New Jobless Claims Losing Momentum?
May 24, 2012 at 11:26 AM EDT
For the fourth time in as many weeks, today’s update on initial jobless claims shows that new unemployment filings are hugging the 370,000 neighborhood on a seasonally adjusted basis. The fact that claims aren’t rising is an encouraging sign, of course. But the resistance at the 370,000 level, if it rolls on, will raise more [...]